Data Quality special report

October 2015 -- Sponsored by Eagle Investment Systems and SIX Financial Information
Click here to download the PDF
Control and Automation
For this report, Inside Reference Data asked participants in the Virtual Roundtable feature how data sourcing issues can help or hinder data quality. Their responses all seemed to drill down to the issue of ownership of the data.
BNY Mellon's Amy Harkins says the biggest challenge when sourcing data in a large firm is putting its assessment in the hands of a single business owner. Eagle Investment Systems' Marc Rubenfeld identifies control of the sourcing as the greater issue. Control of the data, he says, makes it possible to enrich, repurpose or otherwise apply it to reporting, benchmarking or analysis. Firms should "have complete control of it and truly own it," he says.
Looking at another issue that can affect data quality-the automation of data processing-it seems it doesn't necessarily mean that quality will be decreased. Rubenfeld sees automation as "critically important to data quality, as it helps to discover errors that wouldn't otherwise be discernible," he says.
HSBC's Chris Johnson identifies another benefit of automation-getting faster data validation checks. SIX Financial Information's Dominique Tanner says when there are deficiencies in automated data processing, they can be corrected so they do not reappear. He brings the question around to sourcing, noting that firms must understand how sources are delivering data to properly map data to the correct fields. That's the precursor to automation.
A data-centric processing and delivery model or a centralized data team could be the best ways to raise the quality of the data being produced. That appears to be the frame under which ownership and automation should be sorted out.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Data Management
Waters Wavelength
Waters Wavelength Podcast: Episode 226 (M&A and people)
On this episode of the Wavelength Podcast, Wei-Shen and Tony talk about the importance of communication when it comes to M&A activity within a company.
Subscribe to Weekly Wrap emails
Most read
- PanAgora’s CIO & head of sustainable investing explain firm’s ESG framework, best practices
- Itiviti’s Blueprint for Success—Investing in People and Products
- Waters Wrap: Microsoft’s capital markets play (And Algorithmics thoughts)
- The curious case of Larry Fondren and DelphX
- Confidential computing projects could answer industry’s cloud security questions